Zeko Labs, a leading blockchain technology company, has recently secured $3 million in a pre-seed funding round led by UOB Venture Management, Signum Capital, and YBB Capital. This investment marks a significant milestone for the company as it accelerates the development of the Zeko Protocol, a cross-chain zero-knowledge scaling protocol.
The Zeko Protocol, built on Mina and developed in collaboration with o1Labs and Mina Foundation, aims to provide developers with advanced zero-knowledge proof capabilities. These capabilities have the potential to revolutionize sectors such as finance, AI, gaming, and the broader internet by enabling the creation of both Ethereum Virtual Machine (EVM) and non-EVM applications.
Evan Kereiakes, CEO of Zeko Labs, expressed his excitement about the funding, stating, “With this funding, we are well-positioned to accelerate the development of the Zeko Protocol and to inspire more developers to push the boundaries of what is possible with blockchain technology.”
The funding round saw participation from a consortium of early-stage investors, including Autonomy Capital, Cogitent Ventures, GBV, and others. Their support highlights the industry’s recognition of Zeko Labs’ potential to reshape the future of decentralized applications.
At the core of the Zeko Protocol are zero-knowledge applications (zkApps), which combine end-user privacy with recursive proof aggregation. These zkApps form the foundation for a wide range of transparent, decentralized services across various sectors.
By focusing on scalability, data security, and interoperability, the Zeko Protocol aims to empower individuals globally while lowering barriers to entry for developers and enterprises.
The newly secured funding will be used to expand Zeko Labs’ team, accelerate product development, nurture the developer community, and establish strategic partnerships within the blockchain and traditional software sectors.
Ambitious developers and forward-thinking institutions are encouraged to explore the recently released MVP and start building the next generation of zkApps that have the potential to redefine our way of life.
